
Most of the Russian market participants managed to adapt to the new realities. However, the crisis is forcing companies to save, including on employees. These are the results of surveys of heads of Russian companies, which were conducted independently by Deloitte and PwC (the texts of the studies are available at RBC).
“It won’t get worse” optimism
Pessimism among top managers has eased to "an all-time low" as, looking back at the difficult events of March, many believe that such strong shocks are not expected in the near future, Deloitte notes.
40% of CFOs expect revenue growth and 30% expect operating profit growth. A high level of uncertainty was reported by 39% of respondents.Deloitte conducted the traditional survey of CFOs in late August/early September and a repeat survey in November. The final sample included 288 respondents from all sectors of the Russian economy.